Loading ...USD Intermediate Cycle update
The USD is now in month 3 of its 5-6 Month Intermediate Cycle that started in May. Last Friday it closed below the 200ma on a big move down. With my TC2 count at day 25, however, it is likely very close to a TC Low.
My expectations are that the USD will bounce out of its TC Low (or DCL) early next week but roll over before day 9 and then form a “Left Translated” or failed Trading Cycle that will break my Blue IC Uptrend line. My first chart is a Daily that shows both the Blue IC Uptrend line and the TC1 and TC2 Green Uptrends. The second chart is a 2 year chart showing my expectations into the Sept/Oct timeframe where I expect the next IC Low.
